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Securities Fraud Investigation Into Wealthfront Corporation (WLTH) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Benzinga·
A securities fraud investigation into Wealthfront Corporation continues as the company faces significant challenges. In Q3 2025, Wealthfront reported $208 million in net deposit outflows, a sharp reversal from $874 million in inflows the prior year. The company's stock declined 16.8% following CEO David Fortunato's disclosure that he personally owns 95.1% of the home-lending business and may revisit its ownership structure. Further declines occurred in June 2026 when Q1 2026 results revealed a 69% year-over-year decline in net deposits and margin compression from startup expenses.
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